"a black swan event will never happen again" ummmmm really? This is a dangerous assumption. Also, well done on your profits, I hope you have realised some of these and have a nice free carry portfolio on your hands.
Nobody thinks this market can go down now...everyone is long, it is easy to make money in stocks, buy the dip, the fairy dust continues. History has plenty of examples of these assumptions going wrong....maybe this time its different...but who knows?? When these assumptions do turn out to be wrong, it will be very ugly! The only question is how long this will take.
Good luck all, Merry Christmas!
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